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Which is more profitable? Beef or dairy?
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<blockquote data-quote="HDRider" data-source="post: 1729168" data-attributes="member: 17025"><p>The better question is who profits from beef.</p><p></p><div style="margin-left: 20px">Fed beef processors at times saw profit margins exceed $900 per head, while cow processors saw margins of $400 per head. Fed beef processors in 2021 made a profit of $562 per head through the first nine months of the year, according to HedgersEdge.com. The first quarter saw margins average $301.38 per head, the second quarter $698 per head and the third quarter $688 per head. October saw profits of $580 per head and November saw profits of $452 per head.</div> <div style="margin-left: 20px"></div> <div style="margin-left: 20px">As if these profits weren't large enough, the amount of money that Tyson Foods Inc.'s Beef business unit made was stunning. Tyson is one of the world's largest producers of high-quality, grain-fed beef, so it was in an excellent position to take advantage of the growing global demand for that kind of beef. Its results reflected this. The segment in Tyson's fiscal 2021 fourth quarter ended Oct. 2 had operating income of $1.15 billion, beating its previous quarterly record of $1.12 billion set in the prior quarter. Operating income for the year was a record $3.24 billion, twice the previous record of $1.58 billion set in fiscal 2020.</div> <div style="margin-left: 20px">[URL unfurl="true"]https://www.foodbusinessnews.net/articles/20417-2022-meat-industry-outlook[/URL]</div></blockquote><p></p>
[QUOTE="HDRider, post: 1729168, member: 17025"] The better question is who profits from beef. [INDENT]Fed beef processors at times saw profit margins exceed $900 per head, while cow processors saw margins of $400 per head. Fed beef processors in 2021 made a profit of $562 per head through the first nine months of the year, according to HedgersEdge.com. The first quarter saw margins average $301.38 per head, the second quarter $698 per head and the third quarter $688 per head. October saw profits of $580 per head and November saw profits of $452 per head.[/INDENT] [INDENT][/INDENT] [INDENT]As if these profits weren't large enough, the amount of money that Tyson Foods Inc.'s Beef business unit made was stunning. Tyson is one of the world's largest producers of high-quality, grain-fed beef, so it was in an excellent position to take advantage of the growing global demand for that kind of beef. Its results reflected this. The segment in Tyson's fiscal 2021 fourth quarter ended Oct. 2 had operating income of $1.15 billion, beating its previous quarterly record of $1.12 billion set in the prior quarter. Operating income for the year was a record $3.24 billion, twice the previous record of $1.58 billion set in fiscal 2020.[/INDENT] [INDENT][URL unfurl="true"]https://www.foodbusinessnews.net/articles/20417-2022-meat-industry-outlook[/URL][/INDENT] [/QUOTE]
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